Bank of China (OTCMKTS:BACHY) Shares Gap Up – Here’s What Happened

Shares of Bank of China Ltd. (OTCMKTS:BACHY) gapped up prior to trading on Friday . The stock had previously closed at $15.84, but opened at $16.30. Bank of China shares last traded at $16.3050, with a volume of 15,684 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Bank of China to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Bank of China currently has a consensus rating of “Hold”.

Bank of China Stock Up 1.2%

The firm has a 50 day simple moving average of $16.64 and a two-hundred day simple moving average of $15.39. The stock has a market capitalization of $206.67 billion, a P/E ratio of 6.24 and a beta of 0.06. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Bank of China Company Profile

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.